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RETIREMENT VILLAGES ACT 1999 - SECT 182AJ Certain payments taken to be payment of exit entitlement

RETIREMENT VILLAGES ACT 1999 - SECT 182AJ

Certain payments taken to be payment of exit entitlement

182AJ Certain payments taken to be payment of exit entitlement

(1) To avoid doubt, the following payments by an operator of a retirement village are taken to be payments of part of the exit entitlement payable to a former occupant of residential premises--
(a) the payment of the whole or part of an exit entitlement under an exit entitlement order,
(b) the payment of an accommodation payment.
(2) An operator must pay the former occupant any part of the exit entitlement that is not paid--
(a) to the former occupant under an exit entitlement order, or
(b) to an approved provider of an aged care facility as an accommodation payment.
Note : Section 180 deals with payments to certain former occupants of residential premises following the sale of the premises.
(3) If a former occupant dies before the whole of the exit entitlement is paid to the former occupant under this Part, the operator must pay the remainder of the exit entitlement to the executor or administrator of the former occupant's estate.